Wednesday, February 04, 2009

The Value of Caring

How much is $375 Billion and why do we care?

$375B is more than $1000 for every person in the United States. It is almost half of the the $800 Billion figure of the Troubled Asset Relief Program (TARP) already passed by Congress last year and being paid to banks, financial institutions, and the Big Three automotive companies.

Focusing on family caregivers, $375B is an average figure provided by the
AARP Public Policy Institute in a report called Valuing the Invaluable: The Economic Value of Family Caregiving, Update 2008. $375B is based on the middle estimate of the number of caregivers if they were paid the middle estimated hourly wage of 2008. The report clearly states that the number of caregivers is increasing, and of course, they are NOT being paid.

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